Proposed Collection; Comment Request, 54818 [2011-22581]
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54818
Federal Register / Vol. 76, No. 171 / Friday, September 2, 2011 / Notices
Alexandria, VA 22312; or send an email to: PRA_Mailbox@sec.gov .
Dated: August 29, 2011.
Elizabeth M. Murphy,
Secretary.
[FR Doc. 2011–22568 Filed 9–1–11; 8:45 am]
BILLING CODE 8011–01–P
SECURITIES AND EXCHANGE
COMMISSION
Proposed Collection; Comment
Request
Upon Written Request, Copy Available
From: Securities and Exchange
Commission, Office of Investor
Education and Advocacy,
Washington, DC 20549–0213.
erowe on DSK5CLS3C1PROD with NOTICES
Extension:
Form N–6F, SEC File No. 270–185, OMB
Control No. 3235–0238.
Notice is hereby given that, pursuant
to the Paperwork Reduction Act of 1995
(44 U.S.C. 3501 et seq.) the Securities
and Exchange Commission (the
‘‘Commission’’) is soliciting comments
on the collection of information
summarized below. The Commission
plans to submit this existing collection
of information to the Office of
Management and Budget for extension
and approval.
The title for the collection of
information is ‘‘Form N–6F (17 CFR
274.15), Notice of Intent to Elect to be
Subject to Sections 55 through 65 of the
Investment Company Act of 1940.’’ The
purpose of Form N–6F is to notify the
Commission of a company’s intent to
file a notification of election to become
subject to Sections 55 through 65 of the
Investment Company Act of 1940 (15
U.S.C. 80a–1 et seq.) (‘‘1940 Act’’).
Certain companies may have to make a
filing with the Commission before they
are ready to elect to be regulated as a
business development company.1 A
company that is excluded from the
definition of ‘‘investment company’’ by
Section 3(c)(1) because it has fewer than
one hundred shareholders and is not
making a public offering of its securities
may lose such an exclusion solely
because it proposes to make a public
offering of securities as a business
development company. Such company,
under certain conditions, would not
lose its exclusion if it notifies the
Commission on Form N–6F of its intent
to make an election to be regulated as
a business development company. The
1 A company might not be prepared to elect to be
subject to Sections 55 through 65 of the 1940 Act
because its capital structure or management
compensation plan is not yet in compliance with
the requirements of those sections.
VerDate Mar<15>2010
15:37 Sep 01, 2011
Jkt 223001
company only has to file a Form N–6F
once.
The Commission estimates that on
average approximately thirteen
companies file these notifications each
year. Each of those companies need only
make a single filing of Form N–6F. The
Commission further estimates that this
information collection imposes burden
of 0.5 hours, resulting in a total annual
PRA burden of 6.5 hours. Based on the
estimated wage rate, the total cost to the
industry of the hour burden for
complying with Form N–6F would be
approximately $2,080.
The collection of information under
Form N–6F is mandatory. The
information provided under the form is
not kept confidential. An agency may
not conduct or sponsor, and a person is
not required to respond to, a collection
of information unless it displays a
currently valid OMB control number.
Written comments are invited on: (a)
Whether the proposed collection of
information is necessary for the proper
performance of the functions of the
agency, including whether the
information will have practical utility;
(b) the accuracy of the agency’s estimate
of the burden of the collection of
information; (c) ways to enhance the
quality, utility, and clarity of the
information collected; and (d) ways to
minimize the burden of the collection of
information on respondents, including
through the use of automated collection
techniques or other forms of information
technology. Consideration will be given
to comments and suggestions submitted
in writing within 60 days of this
publication.
Please direct your written comments
to Thomas Bayer, Director/Chief
Information Officer, Securities and
Exchange Commission, C/O Remi
Pavlik-Simon, 6432 General Green Way,
Alexandria, VA 22312; or send an email to: PRA_Mailbox@sec.gov.
Dated: August 29, 2011.
Elizabeth M. Murphy,
Secretary.
[FR Doc. 2011–22581 Filed 9–1–11; 8:45 am]
BILLING CODE 8011–01–P
SECURITIES AND EXCHANGE
COMMISSION
Proposed Collection; Comment
Request
Upon Written Request, Copy Available
From: Securities and Exchange
Commission, Office of Investor
Education and Advocacy,
Washington, DC 20549–0213.
Extension:
PO 00000
Frm 00089
Fmt 4703
Sfmt 4703
Form N–54C, SEC File No. 270–184, OMB
Control No. 3235–0236.
Notice is hereby given that, pursuant
to the Paperwork Reduction Act of 1995
(44 U.S.C. 3501 et seq.) (the ‘‘PRA’’), the
Securities and Exchange Commission
(the ‘‘Commission’’) is soliciting
comments on the collection of
information summarized below. The
Commission plans to submit this
existing collection of information to the
Office of Management and Budget for
extension and approval.
Under the Investment Company Act
of 1940 (15 U.S.C. 80a–1 et seq.) (the
‘‘Investment Company Act’’), certain
investment companies can elect to be
regulated as business development
companies, as defined in Section
2(a)(48) of the Investment Company Act
(15 U.S.C. 80a–2(a)(48)). Under Section
54(a) of the Investment Company Act
(15 U.S.C. 80a–53(a)), any company
defined in Section 2(a)(48)(A) and (B) of
the Investment Company Act (15 U.S.C.
80a–2(a)(48)), may if it meets certain
enumerated eligibility requirements
elect to be subject to the provisions of
Sections 55 through 65 of the
Investment Company Act (15 U.S.C.
80a–54 to 80a–64) by filing with the
Commission a notification of election on
Form N–54A (17 CFR 274.53). Under
Section 54(c) of the Investment
Company Act (15 U.S.C. 80a–53(c)), any
business development company may
voluntarily withdraw its election under
Section 54(a) of the Investment
Company Act (15 U.S.C. 80a–53(a)) by
filing a notice of withdrawal of election
with the Commission. The Commission
has adopted Form N–54C (17 CFR
274.54) as the form for notification of
withdrawal of election to be subject to
Sections 55 through 65 of the
Investment Company Act.
The purpose of Form N–54C is to
notify the Commission that the business
development company withdraws its
election to be subject to Sections 55
through 65 of the Investment Company
Act, enabling the Commission to
administer those provisions of the
Investment Company Act to such
companies.
The Commission estimates that on
average approximately 10 business
development companies file these
notifications each year. Each of those
business development companies need
only make a single filing of Form N–
54C. The Commission further estimates
that this information collection imposes
a burden of one hour, resulting in a total
annual PRA burden of 10 hours. Based
on the estimated wage rate, the total cost
to the business development industry of
the hour burden for complying with
E:\FR\FM\02SEN1.SGM
02SEN1
]]>Agencies
[Federal Register Volume 76, Number 171 (Friday, September 2, 2011)]
[Notices]
[Page 54818]
From the Federal Register Online via the Government Printing Office [www.gpo.gov]
[FR Doc No: 2011-22581]
-----------------------------------------------------------------------
SECURITIES AND EXCHANGE COMMISSION
Proposed Collection; Comment Request
Upon Written Request, Copy Available From: Securities and Exchange
Commission, Office of Investor Education and Advocacy, Washington, DC
20549-0213.
Extension:
Form N-6F, SEC File No. 270-185, OMB Control No. 3235-0238.
Notice is hereby given that, pursuant to the Paperwork Reduction
Act of 1995 (44 U.S.C. 3501 et seq.) the Securities and Exchange
Commission (the ``Commission'') is soliciting comments on the
collection of information summarized below. The Commission plans to
submit this existing collection of information to the Office of
Management and Budget for extension and approval.
The title for the collection of information is ``Form N-6F (17 CFR
274.15), Notice of Intent to Elect to be Subject to Sections 55 through
65 of the Investment Company Act of 1940.'' The purpose of Form N-6F is
to notify the Commission of a company's intent to file a notification
of election to become subject to Sections 55 through 65 of the
Investment Company Act of 1940 (15 U.S.C. 80a-1 et seq.) (``1940
Act''). Certain companies may have to make a filing with the Commission
before they are ready to elect to be regulated as a business
development company.\1\ A company that is excluded from the definition
of ``investment company'' by Section 3(c)(1) because it has fewer than
one hundred shareholders and is not making a public offering of its
securities may lose such an exclusion solely because it proposes to
make a public offering of securities as a business development company.
Such company, under certain conditions, would not lose its exclusion if
it notifies the Commission on Form N-6F of its intent to make an
election to be regulated as a business development company. The company
only has to file a Form N-6F once.
---------------------------------------------------------------------------
\1\ A company might not be prepared to elect to be subject to
Sections 55 through 65 of the 1940 Act because its capital structure
or management compensation plan is not yet in compliance with the
requirements of those sections.
---------------------------------------------------------------------------
The Commission estimates that on average approximately thirteen
companies file these notifications each year. Each of those companies
need only make a single filing of Form N-6F. The Commission further
estimates that this information collection imposes burden of 0.5 hours,
resulting in a total annual PRA burden of 6.5 hours. Based on the
estimated wage rate, the total cost to the industry of the hour burden
for complying with Form N-6F would be approximately $2,080.
The collection of information under Form N-6F is mandatory. The
information provided under the form is not kept confidential. An agency
may not conduct or sponsor, and a person is not required to respond to,
a collection of information unless it displays a currently valid OMB
control number.
Written comments are invited on: (a) Whether the proposed
collection of information is necessary for the proper performance of
the functions of the agency, including whether the information will
have practical utility; (b) the accuracy of the agency's estimate of
the burden of the collection of information; (c) ways to enhance the
quality, utility, and clarity of the information collected; and (d)
ways to minimize the burden of the collection of information on
respondents, including through the use of automated collection
techniques or other forms of information technology. Consideration will
be given to comments and suggestions submitted in writing within 60
days of this publication.
Please direct your written comments to Thomas Bayer, Director/Chief
Information Officer, Securities and Exchange Commission, C/O Remi
Pavlik-Simon, 6432 General Green Way, Alexandria, VA 22312; or send an
e-mail to: PRA_Mailbox@sec.gov.
Dated: August 29, 2011.
Elizabeth M. Murphy,
Secretary.
[FR Doc. 2011-22581 Filed 9-1-11; 8:45 am]
BILLING CODE 8011-01-P
